North America Alternative Proteins Market Segmentation, By Category (Organic and Inorganic), Product Type (Plant Protein, Insect Protein, Mycoprotein, Cultured Meat and Others), Form (Dry and Liquid), Application (Food and Beverages, Animal Feed, Pharmaceuticals, Personal Care & Cosmetics and Others) - Industry Trends and Forecast to 2031.
North America Alternative Proteins Market Size
North America alternative proteins market size was valued at USD 8.11 million in 2023 and is projected to reach USD 13.6 million by 2031, with a CAGR of 13.6% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Alternative Proteins Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico
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Key Market Players
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AgriProtein, Enterra Feed Corporation, Cargill, Incorporated, Axiom Foods, Inc, BENEO, NOW Foods, Roquette Frères, Farbest Brands, Parabel, ADM, DuPont, CHS Inc., Ingredion Incorporated, Kerry Group plc, EntomoFarms and Glanbia plc
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North America Alternative Proteins Market Dynamics
The rising demand for alternative proteins in wide industrial applications is accelerating the use of alternative proteins products which drives the alternative proteins market growth. Allergies associated with alternative proteins are acting as a restrain for the alternative proteins market in the above mentioned period.
The environmental effects of traditional meat production are dangerous and the alternative proteins production does not emit greenhouse gases and thus they do not cause any harm to the environment and hence it is an opportunity for alternative protein producers in the alternative proteins market in future. There are several risks associated with the consumption of insect protein which can act as a challenge for the alternative proteins market.
This alternative proteins market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the alternative proteins market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Alternative Proteins Market Scope
The alternative proteins market is segmented into four notable segments which are based on category, product type, form and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Category
- Organic
- Inorganic
Product type
- Plant Protein
- Insect Protein
- Mycoprotein
- Cultured Meat
- Others
Form
- Dry
- liquid
Application
- Food and Beverages
- Animal Feed
- Pharmaceuticals
- Personal Care
- Cosmetics
- Others
North America Alternative Proteins Market Regional Analysis
North America alternative proteins market is analysed and market size information is provided by country, category, product type, form and application as referenced above.
The countries covered in the North America alternative proteins market are the U.S., Canada and Mexico.
The U.S. is expected to grow with the most promising growth rate in the North America alternative proteins market in the forecast period of 2024 to 2031 as the major industrialists are focusing to develop food and beverages products consisting alternative proteins which consumes wide range of kernels and processed form of alternative proteins for confectioneries, bakery and flavoured drinks in the food service sector.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Alternative Proteins Market Share Analysis
Alternative proteins market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to North America alternative proteins market.
Alternative Proteins Market Leaders Operating in the Market Are:
- AgriProtein
- Enterra Feed Corporation
- Cargill, Incorporated
- Axiom Foods, Inc
- BENEO
- NOW Foods
- Roquette Frères
- Farbest Brands
- Parabel
- ADM
- DuPont
- CHS Inc.
- Ingredion Incorporated
- Kerry Group plc
- EntomoFarms
- Glanbia plc
Latest Developments in Alternative Proteins Market
- In August 2019, DuPont Nutrition & Biosciences (DuPont) received the Food Ingredients Innovation Award in the category of the “Most Innovative Ingredient of the Year” and attained the second place. This award is for the Danisco VEGE Cultures line. The product line was launched in February in South America and this has supported the fermented plant-based beverages and foods production. This award created a brand value of company in the plant-based alternatives market.
- In March 2016, Cargill, Incorporated has acquired the FPL Food, LLC. The company acquired the ground beef processing plant of FPL Food, LLC in Columbia. The acquisition has enhanced the ability of Cargill, Incorporated to serve foodservice and Eastern retail customers. This has helped the company to expand its protein business and it has ensured to better serve foodservice and retail customers where the demand for ground beef is high.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organization to improve their offering for alternative proteins through expanded range of size.
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